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July 25, 2018, 11:10 PM
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| Facebook: |
Facebook reports Q2 revenue of $13.23B, up 42% YoY, 1.47B DAUs, up 11% YoY, and net income of $5.1B, up 31% YoY; stock down 20%+ after hours — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2018. — “Our community and business continue to grow quickly …
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MarketWatch, CNBC, Bloomberg, New York Times, BuzzFeed News, CNET, Axios, GeekWire, Bloomberg, Bloomberg, Gizmodo, Axios, The Guardian, The Verge, Ars Technica, Reuters, ZDNet, Fast Company, Business Insider, AdExchanger, Digital Commerce 360, Fortune, The Daily Caller, Recode, Telegraph, and Engadget
Facebook: Mark Zuckerberg. Tweets: @hannahkuchler, @sheeraf, @sarahfrier, @chris_ciaccia, @chernandburn, @cnbcnow, @mikeisaac, @selina_y_wang, @kurtwagner8, @jonerlichman, @jguynn, @jguynn, @mikeisaac, @benbajarin, @tomgara, @jason_kint, @willoremus, @nickstatt, @jguynn, @mikeisaac, @chernandburn, @ryanlawler, @lucas_shaw, @joshconstine, @mikeisaac, @mikeisaac, @alexeheath, @sarahfrier, and @businessinsider
| Josh Constine / TechCrunch: |
Facebook's Q2 earnings saw MAUs climb just 1.54%, down from Q1's 3.14%, marking its slowest ever growth rate, and revenue of $13.23B missed estimates of $13.36B — Facebook has hit a wall. The social network succumbed to the public backlash over its handling of fake news, privacy …
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SiliconANGLE, Recode, Engadget, Silicon Valley Business …, Mashable, and CNBC
Tweets: @ryanlawler, @can, @joshconstine, @hannahkuchler, @stevekovach, and @mikeisaac
| Josh Constine / TechCrunch: |
Facebook's share price closed Wednesday at $217.50, a record high, but fell to around $172 after its Q2 earnings call, a market cap drop of roughly $123B — Facebook's share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate …
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Business Insider. Tweets: @joshconstine, @joshconstine, @chernandburn, @joshconstine, @joshconstine, @nycjim, @joshconstine, and @caseynewton
| Josh Constine / TechCrunch: |
| Shara Tibken / CNET: |
Amid patent dispute, Qualcomm says it believes Apple intends to solely use modems from a competitor, likely Intel, for the next iPhone release — Apple appears to be making some big changes to the chips in its upcoming iPhones — and that could mean your next iPhone downloads data slower than rival Android devices.
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CNBC, AppleInsider, Engadget, Telegraph, The Verge, AppleInsider, Cult of Mac, Axios, and Mashable
Tweets: @sharatibken, @sharatibken, @cnet, @cnet, and @patrickmoorhead
| Alex Sherman / CNBC: |
Qualcomm will owe a $2B breakup fee to NXP if deal is terminated as expected at end of day Wednesday; Qualcomm launches $30B stock buyback program — - Qualcomm CEO Steve Mollenkopf will address his company's share buyback plans during today's conference call.
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TechCrunch, The Verge, CNET, Axios, Reuters, Pocketnow, and Seeking Alpha
| Qualcomm: |
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9to5Mac, CNBC, MacRumors, iPhone Hacks, Wall Street Journal, MarketWatch, ZDNet, Bloomberg, Financial Times, Fast Company, and Axios
Tweets: @ldignan, @benwood, @alexbarinka, and @patrickmoorhead
| Alfred Ng / CNET: |
Google unveils Titan Security Key, a phishing resistant 2FA device that has USB and Bluetooth versions for ~$20 and ~$25 each, coming to all within a few months — When Google boasted that none of its 85,000-plus employees had their accounts hacked since early 2017, it was all thanks … | Andrew Martonik / Android Central: |
Samsung announces it is developing flexible OLED display certified as “unbreakable” by Underwriters Laboratories, that survived 26 4-foot drops — This is the direction the industry is heading. — Samsung Display has announced that it has developed a truly “unbreakable” …
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Samsung Newsroom, Pocketnow, MacRumors, 9to5Mac, Engadget, Patently Apple, and Be Korea-savvy
| Casey Newton / The Verge: |
Sources: YouTube removed four videos from Alex Jones' channel for hate speech and child endangerment, but counted the takedowns as one strike toward the channel — The video site removed four of Jones' videos on Tuesday — Conspiracy theorist Alex Jones' YouTube channel received a strike …
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BuzzFeed News, The Hill, NBC Bay Area, Tubefilter, The Next Web, Mashable, CNET, Engadget, Fast Company, and Media Matters for America
Tweets: @caseynewton, @willsommer, and @parismartineau
| Nathan Ingraham / Engadget: |
Dropbox launches add-on for Gmail, allowing users to access Dropbox content in Gmail, available now on the web and Android, coming soon to iOS — A few years ago, Dropbox partnered with Microsoft, and the official line about the partnership was that the cloud-storage company wanted to help …
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Dropbox Blog, TechCrunch, gsuite.google.com, ZDNet, Thurrott.com, and SlashGear
| Edgar Alvarez / Engadget: |
Facebook rolls out Watch Party, a feature that lets users simultaneously watch, comment, and react to Facebook videos together, to all users — Facebook has made it clear that it wants to make video a crucial part of its business, as it looks to compete with the likes of YouTube, Amazon and Netflix.
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Facebook, TechCrunch, iPhone Hacks, Thurrott.com, Marketing Land, TechSpot, MacRumors, iMore, Mashable, Android Police, Neowin, and NBC Bay Area. Tweets: @edbott
| Jon Levine / The Wrap: |
Twitter CEO addresses claims about some Republican leaders not appearing in search auto-suggestions, points to a thread that offers explanation and vows changes — The latest allegations of shadow banning on the platform were sparked by a Vice News report — Twitter has hit …
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VICE News, The Daily Caller, Hit & Run, and USA Today
| Ry Crist / CNET: |
Amazon's Cloud ESP, a feature for third-party Alexa devices that lets the device closest to a user respond to a question or command, is now generally available — One of the biggest parts of Amazon's strategy for expanding the voice-activated Alexa ecosystem is to help third-party manufacturers make Alexa gadgets of their own.| Kevin Parrish / Digital Trends: |
Some 2018 MacBook Pro and iMac Pro users reporting crashes, possibly due to Apple's T2 processor and Bridge OS; some fixes in macOS 10.13.6, no complete fix yet — Many iMac Pro owners have reportedly suffered numerous kernel panics — the MacOS version of the dreaded Blue Screen of Death in Windows …
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VentureBeat, Cult of Mac, Ubergizmo, The Verge, eWeek, MacDailyNews, CNET, and The Register
| BuzzFeed News: |
Source: Sheryl Sandberg and Jack Dorsey to testify before Senate Intelligence Committee in September; Sundar Pichai has not yet responded to committee's invite — Internet executives are expected once again to face a grilling by lawmakers about foreign interference on their platforms … | Paul Mozur / New York Times: |
Source: Chinese government has withdrawn its approval for Facebook's new subsidiary in the country — SHANGHAI — For Facebook, success in China was brief. Very brief. — For several hours, a Chinese government database showed that Facebook had gained approval to open a subsidiary in the eastern province of Zhejiang.
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Reuters, Patently Apple, Quartz, Fortune, Engadget, Slate, Reuters, Business Insider, The Verge, Axios, Telegraph, TechCrunch, and Reuters
Tweets: @ruima, @jacobshap, and @niubi
| Phil LeBeau / CNBC: |
Waymo partners with Walmart, AutoNation, Avis, and others to ferry their customers to various locations in Phoenix, Arizona — Waymo, the Alphabet company that spun out of Google's former self-driving car division, is partnering with some of the country's largest companies to expand how many people ride in its self-driving vehicles.
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Engadget, TechCrunch, The Verge, Waymo, NPR, SiliconANGLE, Crunchbase News, CNNMoney, New York Times, 9to5Google, Quartz, Digital Trends, TechSpot, BBC, Gizmodo, and Mashable
| Jeff John Roberts / Fortune: |
Coinbase says its investigation into whether any employees profited from insider trading relating to Bitcoin Cash has concluded and found no wrongdoing — Photograph by Winni Wintermeyer for Fortune — Coinbase, the biggest U.S. cryptocurrency exchange, launched an inquiry last December … | Tony Owusu / TheStreet: |
AMD reports Q2 revenue of $1.76B, up 53% YoY, vs $1.72B est., and net income of $156M; stock up 5% after hours — Advanced Micro Devices (AMD) was able to swing to a profit in the second quarter this year, after losing a penny during the same quarter last year, lifting shares in after-hours trading Wednesday, July 25.
More:
Advanced Micro Devices, The Register, ZDNet, VentureBeat, CoinDesk, SludgeFeed, and Business Insider. Tweets: @benbajarin
| Kurt Wagner / Recode: |
The CEO of Nextdoor, Nirav Tolia, plans to step down from his role after almost eight years, emailing employees that he will take an “active” chairman role — Tolia is looking for his own replacement, but the move raises a number of questions for Nextdoor.
More:
GeekWire and TechCrunch
| Erin Teague / YouTube Blog: |
YouTube adds a Watch Together button to its VR app on Daydream View and Samsung Gear VR that lets users watch and discuss videos with others in a virtual space — We love VR at YouTube because it's a powerful way to see and experience the world. Have you ever wondered what it's like in the ice caves of Antarctica?
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CNET, SlashGear, YouTube, Droid Life, Thurrott.com, VentureBeat, UploadVR, The Verge, Engadget, and 9to5Google
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